Episode 2: The Profit Factor
[bctt tweet=”“Understanding what you need to be profitable” – @DoreenRainey” username=””]
When you choose to use your life coaching skills as a business, you are committed to making a profit.
While there’s a traditional definition of profits from the accounting world, Doreen has her own she’d like to share.
In this episode, she’ll walk you through her “10 indicators of profitability”.
Be sure to share your thoughts and comments below.
Links:
Quotes:
[bctt tweet=”“How are you going to fund that lifestyle?” – @DoreenRainey” username=””]
[bctt tweet=”“It costs something to run your business” – @DoreenRainey” username=””]
[bctt tweet=”“What are the things that break your heart?” – @DoreenRainey” username=””]
Time Stamps:
02:25 – What is the “dictionary” definition of profit?
06:21 – “Profit First” system
07:39 – The first 5 indicators of profitability
10:20 – “it costs something to run your business” – @DoreenRainey
16:36 – The second 5 indicators of profitability
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